Writing regs for the government ---> transition to big firm Forum
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Writing regs for the government ---> transition to big firm
I have recently been offered the opportunity to spend two years working in the federal government helping to implement the Affordable Care Act and to help write/review regulations for the law that will go into effect in 2014.
My question is, what do you guys think my exit options are? This opportunity will make me one of the first subject matter experts on the new health care law. Do you think I will be marketable to big firms with a large insurance practice? Or will I be stuck in policy for the rest of my life?
My question is, what do you guys think my exit options are? This opportunity will make me one of the first subject matter experts on the new health care law. Do you think I will be marketable to big firms with a large insurance practice? Or will I be stuck in policy for the rest of my life?
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Re: Writing regs for the government ---> transition to big firm
Let me just say, that sounds like a pretty cool job. If you have an account and wouldn't mind sharing some details, I'd love to hear via PM how you got into this policy oriented stuff! (You can also post here if you like, but I imagine you may be nervous about anonymity.)
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Re: Writing regs for the government ---> transition to big firm
I pm'd you with some details.
Come on guys, someone has to have a thought on the matter!
Come on guys, someone has to have a thought on the matter!
- mi-chan17
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Re: Writing regs for the government ---> transition to big firm
Worked in an agency's reg. affairs for a summer and later got biglaw offers.
I think that reg. writing can be spun to be applicable to the practice of law, and many biglaw firms have attorneys that deal with regulatory compliance (often combined with FCPA compliance). Given the new-ness of the ACA, and provided that it doesn't get dismantled by SCOTUS, I think being an expert on the law and regs of healthcare would be extremely marketable to any firm dealing with insurance law.
THAT SAID, two years is quite a bit longer of working in regs than I spent, and so I don't want to promise you that not working as a lawyer for two years won't be a problem. I think it can be overcome, in this case, but it's not a guarantee.
I think that reg. writing can be spun to be applicable to the practice of law, and many biglaw firms have attorneys that deal with regulatory compliance (often combined with FCPA compliance). Given the new-ness of the ACA, and provided that it doesn't get dismantled by SCOTUS, I think being an expert on the law and regs of healthcare would be extremely marketable to any firm dealing with insurance law.
THAT SAID, two years is quite a bit longer of working in regs than I spent, and so I don't want to promise you that not working as a lawyer for two years won't be a problem. I think it can be overcome, in this case, but it's not a guarantee.
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Re: Writing regs for the government ---> transition to big firm
bump. I am curious to know as well.
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- monkey85
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Re: Writing regs for the government ---> transition to big firm
Echoing the caveat of Mi-chan:
New laws = regulatory compliance = jobs for lawyers = you are marketable.
I would say: welcome to the world of DC regulatory BigLaw.mi-chan17 wrote:provided that it doesn't get dismantled by SCOTUS
New laws = regulatory compliance = jobs for lawyers = you are marketable.
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Re: Writing regs for the government ---> transition to big firm
Will you PM the details as well? I'd like to hear how you got into this!Anonymous User wrote:I pm'd you with some details.
Come on guys, someone has to have a thought on the matter!
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Re: Writing regs for the government ---> transition to big firm
I'm interested in hearing details on this too. Sounds fun.
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Re: Writing regs for the government ---> transition to big firm
This is all very good to hear. I am really hoping to get into some sort of insurance practice after my 2 years, and I figured with it ending in 2014 the time would be perfect for helping out with regulatory compliance. I suppose working on the Hill might always be an option as well, since I'm sure some congressmen might want someone with prior experience with the ACA to be on staff.
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Re: Writing regs for the government ---> transition to big firm
I think this is highly unlikely for several reasons. But, if the Court does decide to abandon all pretenses that it is actually a "court," then I suppose I am SOL.
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Re: Writing regs for the government ---> transition to big firm
Not to hijack the thread, but I'll bet you a fancy steak dinner that no matter what else happens, they don't do this. I think it's plausible the whole thing gets upheld; but if not, they will sever.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
- ben4847
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Re: Writing regs for the government ---> transition to big firm
Ah. But what if the mandate is struck down but severable. But then congress ditches the whole thing since without the mandate it is impossible.Renzo wrote:Not to hijack the thread, but I'll bet you a fancy steak dinner that no matter what else happens, they don't do this. I think it's plausible the whole thing gets upheld; but if not, they will sever.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
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Re: Writing regs for the government ---> transition to big firm
This would be my big concern with any regulatory job right out of law school. While I'm sure it's possible to move on to biglaw or a general practice firm somewhere, it seems it could be an uphill battle to move into different types of work. If a biglaw firm hires you, wouldn't it be because of your expertise in health care regulation, thus pigeonholing you there? And if a small or mid-sized general practice firm had a choice between hiring someone who did two years of regulatory work versus someone who clerked for two years, my intuition is that they would prefer the person who clerked. That intuition may be wrong, but two years of regulation most likely means two years of NOT being exposed to depositions, litigation, discovery, motion practice, negotiations, transactions/mergers, or 99% of the areas of law practice.G. T. L. Rev. wrote:Renzo wrote:... you will be very marketable to DC regulatory practices. But you might be stuck in the health care sector as a result.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
In other words, I don't think there's anything wrong with regulatory work, but I question the opportunity cost for someone so early in a legal career.
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- vamedic03
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Re: Writing regs for the government ---> transition to big firm
Or, you develop early, specialization that is valuable. There are lots of junior litigators, there will be far fewer ACA specialists who actually worked on the regs. If you leave the big law firm, you would be an excellent candidate for a healthcare regulatory boutique.sebastian0622 wrote:This would be my big concern with any regulatory job right out of law school. While I'm sure it's possible to move on to biglaw or a general practice firm somewhere, it seems it could be an uphill battle to move into different types of work. If a biglaw firm hires you, wouldn't it be because of your expertise in health care regulation, thus pigeonholing you there? And if a small or mid-sized general practice firm had a choice between hiring someone who did two years of regulatory work versus someone who clerked for two years, my intuition is that they would prefer the person who clerked. That intuition may be wrong, but two years of regulation most likely means two years of NOT being exposed to depositions, litigation, discovery, motion practice, negotiations, transactions/mergers, or 99% of the areas of law practice.G. T. L. Rev. wrote:Renzo wrote:... you will be very marketable to DC regulatory practices. But you might be stuck in the health care sector as a result.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
In other words, I don't think there's anything wrong with regulatory work, but I question the opportunity cost for someone so early in a legal career.
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Re: Writing regs for the government ---> transition to big firm
TITCR. And bear in mind that regulatory expertise can be a valuable credential at any of the following:vamedic03 wrote:
Or, you develop early, specialization that is valuable. There are lots of junior litigators, there will be far fewer ACA specialists who actually worked on the regs. If you leave the big law firm, you would be an excellent candidate for a healthcare regulatory boutique.
- biglaw firms with specific practice areas
- boutiques
- lobbying firms
- consulting firms with an industry practice (not a legal role, but potentially lucrative)
- in-house with regulated entities (i.e. insurance companies or hospitals will usually have regulatory counsel)
- the regulatory agency itself (general counsel's office, for instance)
- state agencies impacted by the federal regs (state insurance regulators, for instance)
So, yeah, you might find yourself more limited in terms of your practice area. But if you find healthcare interesting, there's a ton of different career options within that space. As the poster above noted, there will be very few attorneys out there with comparable knowledge/skills after you spend 2 years at HHS (or OMB?), which will be valuable for picking your next move.
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Re: Writing regs for the government ---> transition to big firm
Not looking good...
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Re: Writing regs for the government ---> transition to big firm
Dude, that shit will be legislative armageddon if that happens. The Democrats won't vote for repeal; they'll hold out for a fix/replacement, which the Republicas will never allow. The White House will start selectively enforcing the parts of the law it deems tenable, and it will be an all around clusterfuck.ben4847 wrote:Ah. But what if the mandate is struck down but severable. But then congress ditches the whole thing since without the mandate it is impossible.Renzo wrote:Not to hijack the thread, but I'll bet you a fancy steak dinner that no matter what else happens, they don't do this. I think it's plausible the whole thing gets upheld; but if not, they will sever.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
- ben4847
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Re: Writing regs for the government ---> transition to big firm
Yeah, that would be a riot. I suppose it would also matter which party was in the administration.Renzo wrote:Dude, that shit will be legislative armageddon if that happens. The Democrats won't vote for repeal; they'll hold out for a fix/replacement, which the Republicas will never allow. The White House will start selectively enforcing the parts of the law it deems tenable, and it will be an all around clusterfuck.ben4847 wrote:Ah. But what if the mandate is struck down but severable. But then congress ditches the whole thing since without the mandate it is impossible.Renzo wrote:Not to hijack the thread, but I'll bet you a fancy steak dinner that no matter what else happens, they don't do this. I think it's plausible the whole thing gets upheld; but if not, they will sever.G. T. L. Rev. wrote:What will you do if SCOTUS holds that (1) the mandate is unconstitutional and (2) the mandate is not severable from the rest of the ACA?
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